UAE: 30 projects worth Dh6 billion announced at Make it in the Emirates Forum

UAE: 30 projects worth Dh6 billion announced at Make it in the Emirates Forum

Leading national firms announcing their intention to invest Dh110 billion over next 10 years to purchase 300 products from local manufacturers

Published: Wed 31 May 2023, 4:31 PM

More than 30 innovative industrial projects worth over Dh6 billion, additional Dh10 billion in offtake agreements, 5,000 jobs for citizens, a green in-country value programme, initiatives to raise exports and bolster economic growth were among the several major announcements at the Make it in the Emirates Forum in Abu Dhabi.

Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, in his address noted that the inaugural edition of the forum accomplished several achievements, including leading national companies announcing their intention to invest Dh110 billion over the next 10 years to purchase 300 products from local manufacturers.

“In the first year alone, 28 per cent of these offtake agreements have been implemented, representing a total value of Dh31 billion. This is an outstanding achievement,” he revealed during the opening day of the forum’s second edition.

“This forum is supporting the growth of the industrial sector through various projects and initiatives,” he told a packed Abu Dhabi Energy Centre, with attendance from top ministers, decision makers, companies, financial institutions, and investors.

Later, Sheikh Khaled bin Mohamed bin Zayed